Chelating agents are organic substances which react with metal ions to produce stable, water-soluble compounds. They rearrange the chemical composition of the metal and enhance its ability to bond with other substances. Chelating agents are used as corrosion inhibitors as they form an insoluble surface which prevents the metal from reacting further. They also help in controlling heavy metal poisoning in the human body and reducing the toxic effects produced by metals. The use of chelating agents is both eco-friendly and cost-effective owing to which they find numerous applications in various industries. According to the latest report by IMARC Group, “Chelating Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global chelating agents market reached a value of US$ 5.2 Billion in 2018.
Chelating agents are used in pulp processing and paper production for bleaching wood pulp and recycling fibres. With the budding e-commerce sector, the demand for paper-based packaging materials is increasing, thereby boosting the market growth. Chelating agents are also used in household and industrial cleaning applications to remove the deposits of salt, metal oxides and hard water. Growing urbanization and industrialization coupled with increasing consciousness about hygiene and cleanliness are contributing to the market growth. Further, these compounds find applications in the agrochemical sector in the formulation of effective micronutrients for crop production. Rising demand for food across the globe has facilitated the growth of the chelating agents market. Owing to these factors, the market is expected to reach a value of US$ 6.4 Billion by 2024, exhibiting a CAGR of 3.7% during 2019-2024.
The report has segmented the global chelating agents market on the basis of type, covering aminopolycarboxylic acid (APCA), sodium gluconate, organophosphonate and others. Among these, APCA accounts for the majority of the global sales. The market is further analysed on the basis of key applications, where pulp and paper accounts for the largest share. It is followed by household and industrial cleaning, water treatment, agrochemicals, personal care and others. Region-wise, Asia-Pacific is the leading market followed by North America, Europe, Middle East and Africa, and Latin America. The report has also analysed the competitive landscape and provides the details of the key players operative in the market. Some of the major players are AkzoNobel NA, Archer Daniels Midland Company, BASF, Kemira Oyj and DOW Chemical Company.
This report provides a deep insight into the global chelating agents market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the chelating agents market in any manner.
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